Friday, September 22, 2023

“I will not go lower”: the CEO of TotalEnergies refuses to sell his fuel at a loss

The CEO of TotalEnergies, Patrick Pouyanné, refuses to sell his fuels at a loss and “will not go down” from the current price of 1.99 euros per liter currently set at his group’s service stations in France, he warned on Tuesday, when questioned by a journalist. of the “Quotidien” program.

“1.99 is a ceiling, TotalEnergies’ policy will be assured (…) I will not go lower. This is already an important effort,” declared Patrick Pouyanné.

“This limit currently applies to approximately 3,000 stations. That means the normal price is higher,” he added. “Do you often sell products at a loss? »He asked the interviewer about him. “A little common sense, thanks,” she concluded.

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1.99 euros at its 3,400 stations “as long as prices are high”

The oil group, which manages a third of service stations in France, announced last week that it would extend the cap of 1.99 euros per liter on the price of gasoline and diesel at its 3,400 stations next year, “always that prices remain high. ”.

On Saturday, Prime Minister Élisabeth Borne lifted an old taboo by announcing in Le Parisien that fuels could be sold at a loss. This measure, which will be the subject of a bill, should come into force at the beginning of December for a period of six months.

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Received by Bruno Le Maire in Bercy, the distributors contacted did not want to react publicly. But they make it known that, if there is a decrease, it will be reduced to the strict minimum, both in its amount and in its duration. The measure will be applied voluntarily, starting December 1.

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